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Bullboard - Stock Discussion Forum West Fraser Timber Co Ltd T.WFG

Alternate Symbol(s):  WFG

Forest Products Lumber & Wood Production
West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used... see more

TSX:WFG - Post Discussion

West Fraser Timber Co Ltd > Share Repurchases
View:
Post by Apaulson on Jan 03, 2024 8:38pm

Share Repurchases

Hey, does anyone know why West Fraser and Canfor stopped buying back shares in December?  According to SEDI records, WFG didn't make any repurchases in December and CFP stopped after the first week of December.  They both were making repurchases and then stopped.

The previous year, in December of 2022, they kept repurchasing shares.  West Fraser's share price was around $75 USD back then and Canfor's share price was even higher than it was today.

It's just odd that they stopped.

If anyone can shed any light on this, it would be greatly appreciated.

Thanks
Comment by Apaulson on Jan 03, 2024 8:53pm
Maybe they know their Q4 earnings will disappoint. Maybe they're planning another curtailment and layoff so didn't like the optics of shares repurchases while doing that. Maybe they're preserving as much cash as possible for future turbulence. Maybe they're getting ready to do an acquisition. Maybe Jimmy Pattison at the young age of 95 is going to make his move to acquire PLBY ...more  
West Fraser Timber Co Ltd
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